Confidence In Central Planning Saved With Last Second All Time High Ramp

Once Europe closed, US equity markets rolled over on what is a new 'lowest-volume-day-of-the-year' led by recent winner Russell 2000. The Dow is now red on the week and the Nasdaq up 11 days in a row. Today was not about stocks though (aside from the close). While CAD saw its best gain in over 2 years, it was US Treasuries (as EUR weakened and Bund yields plunged) that made the flashing red headlines with 30Y back at 15-month lows (at 3.10%) and 10Y -3.5bps at 2.36% as the yield curve flattened even further. 2s30s dropped below 260bps - its flattest since Dec 2012. Un-de-escalation concerns evident in TSYs and credit finally started to bleed into VIX and stocks. Gold, silver, and oil limped higher as US weakened (and copper fell). A desperate buying panic into the close smashing S&P futures to VWAP magically enabled the S&P to close at the confidence-inspiring centrally-planned 'wealth effect' level of 2000.07!!

Come on...

all thanks to the machines driving S&P 500 e-mini futures back perfectly to VWAP...

Seriously...

Treasuries were once again heavily bid...

And the divergence grows...

leaving the Dow red on the week...

and Utes heavily bid into the close - not exactly risk on!!

The yield curve is utterly collapsing...which bodes very badly for P/E multiple expansion

a complete fucking shit show...
how absurd...
banana republic...
9 year olds shooting "gun instructors" in the head with UZI's they shouldnt be handling on the instructions of parents who never should have children in the first place by virtue of them taking a child to the gun range to shoot an Uzi...
this shit hole of a country is DOOMED.....

Perhaps you would feel better if the instuctor shot the child? Accidents happen. What about the parent who lets their children cut the grass bare-footed or with flip-flops when the grass is damp and on a hill, then the foot gets mutilated?

I'm waiting for the day when we have no news, no numbers, no volume and the S&P rips higher by 150 points in a matter of minutes going into the close and the talking heads on CNBS say there were more buyers than sellers today (which obviously makes no fucking sense). OT but didn't the CBO just slash GDP estimates in half today? Look, a squirrel!!!

Do all this charts even matter anymore? I guess the central planers could have them ploted in the morrning and that is what they will be when the market closes. The public has 0 impact on the chart outcome.